Plaza Bank Completes $4.2MM Stock Offering

July 03, 2014 03:18 PM Eastern Daylight Time

SEATTLE--(BUSINESS WIRE)--Plaza Bank (OTCBB:PZBW) announced today that it has completed a stock
offering raising $4.2 million from individual investors. George
Armendariz, Chairman of Plaza Bank, stated that “the new capital will
allow the Bank to expand relationships with our existing clients, and
allows us to serve a broader range of clients in the Puget Sound area.”
Michael Paul, President and CEO, added, “Our growth strategy is aimed at
commercial enterprise, professional firms and not-for-profit
organizations. We offer a full service integrated organization with
treasury management, strong communication and a growing Delivery
Culture, emphasizing the satisfaction of clients. To this end, we
will be adding to our team to facilitate our anticipated growth.”

The Bank’s counsel for this offering was Glen Garrison of Keller
Rohrback, L.L.P. Robert Rogowski and Joey Warmenhoven of McAdams Wright
Ragen, Inc. acted as financial advisors to Plaza, and a portion of the
offering was placed by Joey Warmenhoven of McAdams Wright Ragen, Inc.

About Plaza Bank

Plaza Bank is a state chartered full service commercial bank,
headquartered in downtown Seattle. The Bank was founded in April 2006 to
provide complete commercial banking services tailored for the
multicultural small business community of Puget Sound.
For more information on Plaza Bank, contact us at (206) 436-7600 or
visit us at www.plazabankwa.com.